Varanium Cloud Ltd Dividend 2024 : Should Varanium Cloud Ltd be a part of your dividend portfolio?
Varanium Cloud Ltd is one of the most popular IT - Software company in the world with a market capitalisation of ₹87.12Cr. Its share price is ₹20.45 as on 8 October,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Varanium Cloud Ltd gave ₹8 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
IT - Software stocks do not always pay a dividend but as Varanium Cloud Ltd pays dividends to reward its shareholders.
In the quarter ending June 2023, Varanium Cloud Ltd has declared dividend of ₹1.50 - translating a dividend yield of 39.12%.
Let's look at Varanium Cloud Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Varanium Cloud Ltd’s revenue were ₹401.86Cr in the quarter ending December 2023. The revenue grew by 267.03% year on year basis since last quarter.
Varanium Cloud Ltd’s profits were ₹87.68Cr in the quarter ending December 2023. The profits grew by 196.22% year on year basis since last quarter.
Varanium Cloud Ltd’s dividend was ₹1.50 in the quarter ending June 2023.